1. A firm may change its strategy as a response to a change in the environment.

True

False

2. An organization’s weaknesses are derived from its set of resources.

True

False

3. Implementation issues should be considered before a decision to adopt a strategy is made.

True

False

4. In the context of the SW/OT matrix, opportunities and alternatives are often synonymous.

True

False

5. Opportunities and threats are associated with factors outside the organization.

True

False

6. Organizational resources include the experience, capabilities, knowledge, skills, and judgment of all the firm’s employees.

True

False

7. Organizational strengths are derived from earlier assessment of the environment.

True

False

8. Physical resources include the firm’s systems and processes, including its strategies, structure, culture, financial base, research and development, marketing, information systems, and control systems.

True

False

9. Research suggests that strategic alternatives most likely to lead to success are defensive in nature.

True

False

10. Strategic alternatives

should always be evaluated.

should always be adopted.

emanate from creative managers.

All of the above.